Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2019 · $125K total declared value · Most recent: Nov 2025 (commfdrr)
AJ Mechanical LLC
MOORHEAD MACHINERY AND BOILER CO
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
South Uptown · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 81
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 4,625 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3125 ALDRICH AVE S MINNEAPOLIS MN 55408 | ALDRICH PROPERTIES LLC | APARTMENT | $882,000 | 58 ft |
| 3137 ALDRICH AVE S MINNEAPOLIS MN 55408 | ALDRICH PROPERTIES LLC | APARTMENT | $2,148,000 | 69 ft |
| 3121 ALDRICH AVE S MINNEAPOLIS MN 55408 | CHAD M KLEHR | RESIDENTIAL-TWO UNIT | $482,700 | 103 ft |
| 3141 ALDRICH AVE S MINNEAPOLIS MN 55408 | 3141 ALDRICH AVE SOUTH LLC | TRIPLEX | $725,700 | 126 ft |
| 3128 LYNDALE AVE S MINNEAPOLIS MN 55408 | OBINNA ELVIS IGWE | CONDOMINIUM | $310,000 | 131 ft |
| 3128 LYNDALE AVE S MINNEAPOLIS MN 55408 | MARIQUITA DE MIRA | CONDOMINIUM | $228,000 | 131 ft |
| 3128 LYNDALE AVE S MINNEAPOLIS MN 55408 | SHAUN MEYER | CONDOMINIUM | $239,000 | 131 ft |
| MN | Unknown | — | — | 131 ft |
| 3132 LYNDALE AVE S MINNEAPOLIS MN 55408 | THOMAS P MUSCALA | RESIDENTIAL-TWO UNIT | $380,800 | 134 ft |
| 3124 LYNDALE AVE S MINNEAPOLIS MN 55408 | GAVIN J MILOW | CONDOMINIUM | $327,000 | 143 ft |
Most Recent Sale
Current Tax Year